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A person places $8620 in an investment account earning an annual rate of 6.1%,
compounded continuously. Using the formula V = Pert, where V is the value of the
account in t years, P is the principal initially invested, e is the base of a natural
logarithm, and r is the rate of interest, determine the amount of money, to the
nearest cent, in the account after 14 years.

Sagot :

Answer:

Step-by-step explanation:

the answer is 20248.59

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